The Toronto Financial Information Summit is the leading forum for the Canadian market and reference data professionals. We aim to present a highly relevant and stimulating platform for you to engage â¦

The aim of the awards is to recognize the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology underpinned by the input and experience of six â¦

This special report focuses on the growing appetite for the use of utilities for managing reference data. The report further includes a virtual roundtable at which various industry experts build a roâ¦

Linedata Beauchamp Enhanced to Meet Hong Kong Short Position Rules

Timothy Bourgaize Murray

15 Jun 2012

Tweet

Facebook

LinkedIn

Save this article

Send to

Print this page

Move comes ahead of new rules soon to be implemented by the Hong Kong Securities and Futures Commission.

Investment management software vendor Linedata has announced the availability of a solution designed specifically to meet the Hong Kong Securities and Futures Commission’s (SFC)'s new short position reporting requirements.

Testing began in April and May. Investment managers extracting data from Linedata's Beauchamp portfolio management system (PMS) will have access to reporting that details whether a stock is designated on the short selling list, and then whether the short position is equivalent to the lesser of either HKD30 million ($3.87 million) or .02 percent of total share capital.

"We have released these reports to our local clients over the past few weeks, and over three-quarters of them have adopted the solution. The robust, centralized database in Linedata Beauchamp means that all the data needed to meet this new reporting requirement is there and we have created these two reports to streamline the process, saving our clients time and effort, says Sally Crane, Linedata's managing director for Asia-Pacific.